49-51 Blackburn Road Accrington Lancashire BB5 1JJ

  • 49-51 Blackburn Road<br>Accrington<br>Lancashire<br>BB5 1JJ

49-51 Blackburn Road
Accrington
Lancashire
BB5 1JJ

Freehold Retail and Residential Investment

  • Let to RAL Ltd (formerly Rank Amusements Limited) t/a Winners Adult Gaming on a new 10 year lease until 2024 (no breaks)
  • Town Centre location opposite the Market Hall and the Town Hall
  • Neighbouring occupiers include Thomson Travel, Age UK, HSBC, Barclays, William Hill and Argos
  • VAT is not applicable to this lot
  • Lot
    25
  • Auction
    9th July 2014
  • Rent
    £18,060 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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Freehold Retail and Residential Investment

  • Let to RAL Ltd (formerly Rank Amusements Limited) t/a Winners Adult Gaming on a new 10 year lease until 2024 (no breaks)
  • Town Centre location opposite the Market Hall and the Town Hall
  • Neighbouring occupiers include Thomson Travel, Age UK, HSBC, Barclays, William Hill and Argos
  • VAT is not applicable to this lot
  • Lot 25
  • Auction 9th July 2014
  • Rent £18,060 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Leisure
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
20 miles east of Preston, 20 miles north of Manchester
Roads
A56, M66, M56
Rail
Accrington Railway Station
Air
Manchester Airport, Leeds Bradford International Airport
Situation

The property is prominently situated in the town centre on the south side of the busy Blackburn Road opposite the Market Hall and Town Hall. Neighbouring occupiers include Thomson Travel, Age UK, HSBC, Barclays, William Hill and Argos.

Tenure

Freehold.

Location
Miles
20 miles east of Preston, 20 miles north of Manchester
Roads
A56, M66, M56
Rail
Accrington Railway Station
Air
Manchester Airport, Leeds Bradford International Airport
Situation

The property is prominently situated in the town centre on the south side of the busy Blackburn Road opposite the Market Hall and Town Hall. Neighbouring occupiers include Thomson Travel, Age UK, HSBC, Barclays, William Hill and Argos.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and part first floor. The part first, second and third floors comprise residential accommodation.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and part first floor. The part first, second and third floors comprise residential accommodation.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Basement
Ground
Part First
Ancillary
Retail
Ancillary
50.20 sq m
98.81 sq m
5.70 sq m
(540 sq ft)
(1,064 sq ft)
(61 sq ft)
RAL LIMITED (formerly Rank Amusements Limited (1) t/a Winners Adult Gaming 10 years from 24/06/2014 until 2024 £18,000 24/06/2019
Part First,
Second & Third
Residential
Not Measured
ONE INDIVIDUAL FOR
ALL SIX FLATS
6 x leases of 999 years from 07/07/2006 £60 (2)  
Total Commercial Area
154.71 sq m
(1,665 sq ft)
    £18,060

(1) For the year ending 08/06/2013, RAL Limited (formerly Rank Amusements Limited) reported a turnover of £47,482,000, a pre-tax profit of negative £374,000, shareholders’ funds of £16,732,000 and a net worth of £14,986,000. RAL Limited is part of the Tatts Group which includes brands such as Quicksilver, Winners and Silvers and operate from approximately 180 units nationwide. For the year ending 30/06/2013, Tatts Group reported a turnover of $2,948,800,000 and a net profit after tax of $247,300,000. (Source. www.tattsgroup.com 09/06/2014)
(2) As to the residential upper parts, the rent reserved under each residential lease is £10 per annum exclusive.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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